Normally, income earned in a previous year gets taxed in its assessment year. However, in certain cases, where income is not disclosed by the taxpayer but is detected by the Income Tax department and the source for which is not …
Normally, income earned in a previous year gets taxed in its assessment year. However, in certain cases, where income is not disclosed by the taxpayer but is detected by the Income Tax department and the source for which is not …
Assessment year The term has been defined under section 2(9). This means a period of 12 months commencing on 1st April every year. The year in which income is earned in the previous year and such income is taxable in …
The most important resource of an organization is it’s people. Barnard (1938) stressed that motivating participants to continue to make contributions is one of the most important activities of management. Simon built Barnard’s observations into the Barnard-Simon theory of organizational …
Modern business firm as a group of individuals who are engaged in the decision-making process relating to its internal structure having multiple goals. They deal not only with the internal organisation of the firm but also with the problem of …
Rational Thinking (or thinking of Rational Man) Rational man is best decision maker and consistent. However s/he rly on some assumptions. Bounded Rationality Rationality of man is bounded by certain limitations. Given by Herbert Simon. Real situations people take decisions …
Goal distortion is an extreme form of goal displacement. It implies misunderstanding or misapplication of organisational goals. In an organisation, there may be several cases of goal distortions particularly when the official goals are transformed into the operating goals. https://youtu.be/TTPAJSGDNLY …
Goal succession refers to the situation where the new or modified goals are incorporated or substituted for the existing one in such a manner that they do not change the spirit of the existing goals. The new goals are such …
Goal displacement means moving away from the intended goal. When organisations overÂ-emphasise the rules and regulations to achieve the goals, members start placing so much importance to the rules that the rules become an end rather than means to achieve …
Standard Deduction u/s 16(ia) Amount of Standard deduction u/s 16(ia) increase from Rs. 40,000/- to Rs. 50,000/- for the AY 2020-21. Notional Rent on second self occupied house property exempt from tax u/s 23 Homeowners will not be required to pay …